Steel News

Mills Grapple With Graphite Electrode Shortage

22 August 2017 - Tight supplies of a key material and rising electric arc furnace steel production are crimping availability of graphite electrodes, sending prices through the roof, according to news and pricing service S&P Global Platts.

BlueScope Steel Names New Chief Executive

21 August 2017 - Australia’s BlueScope Steel Ltd. has a named a company veteran to succeed chief executive Paul O’Malley, who is set to retire at the end of the year.

TMK Looks for Strong Second Half of 2017

21 August 2017 - Russian tubemaker PAO TMK posted a US$19 million loss in the second quarter, but remained profitable through the first half of 2017, the company said.

United Steelworkers on Strike at Ohio Tube Plant

21 August 2017 - Union employees at PTC Alliance Corp.’s Alliance, Ohio, USA, plant went on strike Friday after a failing to reach a new agreement with management by an 11 p.m. deadline.

Steelmakers Coming Around to Hedging, LME Executive Says

21 August 2017 - Despite some early skepticism, steel mills might be starting to warm to the idea of steel futures and have been testing out London Metal Exchange contracts, according to Reuters news service.

Doedijns Group Acquires U.S. Hydraulic Equipment Maintenance Business

18 August 2017 - Alabama-based Hadco Services Inc., which specializes in hydraulic equipment repair and maintenance, has been acquired by Logan Industries International Corp., the U.S. subsidiary of Doedijns Group International (DGI).

Steel Manufacturers Association Recognizes Three for Safety Achievements

18 August 2017 - The Steel Manufacturers Association (SMA) has named two people and a steel facility as the recipients of the 2017 Don B. Daily Achievement in Safety award, the association's highest safety recognition.

U.S. Stainless Flange Producers File Dumping Complaint Against China, India

17 August 2017 - Two U.S. flange makers have filed a dumping complaint against China and India, alleging that producers in those countries are selling forged stainless flanges below cost.

POSCO to Boost Hiring Over Next Four Years

17 August 2017 - South Korea’s top steelmaker said it will step up hiring to secure its workforce through the digital revolution, according to The Korea Times newspaper.

Steel Dynamics Orders Danieli Spooler Line

17 August 2017 - Danieli has won a contract to install spooled bar equipment at Steel Dynamics Inc.’s Columbia City, Ind., USA, structural and rail mill.

Report: Two Killed in Coke Oven Explosion

16 August 2017 - Two people were killed and 10 others were injured Tuesday in a coke oven explosion at a Gerdau SA plant in Brazil, according to the Reuters news service.

ArcelorMittal JV Upgrades Automated Coil Transport System

16 August 2017 - ArcelorMittal is investing US$5 million to replace unmanned carts that move coils at its I/N Tek and I/N Kote joint-venture plants in Indiana, reports The Times newspaper of northwest Indiana.

IMF: China's Steel Capacity Reductions Have Had 'Muted' Impact

15 August 2017 - The International Monetary Fund said China’s efforts to cut excess steel and coal capacity have had a "muted" impact on its production and that the country could stand to make more aggressive cuts.

Primetals Wins Contract for Caster Improvements

15 August 2017 - Primetals Technologies has been contracted to upgrade a two-strand slab caster at a Taiwanese steel mill, the equipment supplier has announced.

In a Typically Slow Month, China's Steel Production Speeds Up

14 August 2017 - China set a new monthly steel production record in July, making slightly more than 74 million metric tons, according to the Reuters news service.

Tata Hires Danieli to Upgrade Galv Line

14 August 2017 - Danieli has won a contract to upgrade a hot-dipped galvanizing line at Tata Steel Europe’s IJmuiden plant in the Netherlands, the company has announced.

RINL Gains Capacity Through Steel Shop Overhaul

14 August 2017 - India’s Rashtriya Ispat Nigam Ltd. (RINL) has completed a US$62.4 million overhaul of the No. 1 steel shop at its Visakhapatnam Steel Plant.

Nucor Grows Bar Processing Capabilities Through Acquisition

14 August 2017 - Nucor Corp. is acquiring approximately 200,000 tons of additional cold-finished bar capacity, the company has announced.

Tata Steel Reportedly Preparing to Announce Deal on U.K. Pension Plan

09 August 2017 - Tata Steel and U.K. officials are hoping to announce on Friday that they’ve reached a deal to separate Tata Steel from its legacy British Steel pension fund, a move that would potentially allow the company to combine its European strip business with thyssenkrupp AG's steel division.

Report: Liberty House Nears Deal on U.S. Wire Rod Mill, But Uncertainty Remains

09 August 2017 - U.K.-based Liberty House Group is getting close to finalizing a deal to acquire a South Carolina wire rod mill, but zoning issues could wind up killing it, the company tells The (Charleston, S.C.) Post and Courier.